Rubber price declines

Kottayam: Physical rubber prices decreased on Aug 13. Sheet rubber fell to Rs 88 a kg both at Kottayam and Kochi from Rs 91 a kg on Aug 11. The rubber futures lost heavily breaking the daily limit of 2 per cent on early trade regained partially towards mid-session but finished weak following renewed selling pressure on late trading. The August contract on NMCE, declined by 4 per cent to Rs 88.11 a kg in the morning session finally landed at Rs 90.50 (91.78) a kg, while the September contract fell to Rs 82.50 (85.31), October to Rs 79.61 (81.66) and November contract to Rs 78.55 (80.50) per kg for RSS 4. The September contract fell to Rs 82.65 (85.81) a kg on MCX. Spot prices were (Rs/kg): RSS-4: 88 (91); RSS-5: 85.50 (89); ungraded: 82 (85.50); ISNR 20: 85 (88.75) and latex 60 per cent: 58.95 (60).